Copeland Capital Management LLC Grows Position in WillScot Holdings Corporation $WSC

Copeland Capital Management LLC raised its position in shares of WillScot Holdings Corporation (NASDAQ:WSC) by 46.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,279,936 shares of the company’s stock after acquiring an additional 405,901 shares during the period. Copeland Capital Management LLC owned approximately 0.70% of WillScot worth $27,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of WSC. First Horizon Advisors Inc. increased its position in WillScot by 45.1% in the second quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock worth $58,000 after purchasing an additional 662 shares during the last quarter. Quarry LP purchased a new position in shares of WillScot in the 1st quarter worth $80,000. Plato Investment Management Ltd bought a new stake in shares of WillScot in the 1st quarter worth about $99,000. GAMMA Investing LLC raised its position in shares of WillScot by 338.4% during the 2nd quarter. GAMMA Investing LLC now owns 4,090 shares of the company’s stock valued at $112,000 after buying an additional 3,157 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in shares of WillScot during the 2nd quarter valued at about $131,000. 95.81% of the stock is currently owned by institutional investors.

WillScot Price Performance

WSC opened at $19.30 on Tuesday. The business has a fifty day moving average of $19.75 and a 200 day moving average of $23.36. The stock has a market cap of $3.51 billion, a P/E ratio of 15.95, a PEG ratio of 1.77 and a beta of 1.12. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 3.39. WillScot Holdings Corporation has a 52-week low of $14.91 and a 52-week high of $39.60.

WillScot (NASDAQ:WSC) last released its earnings results on Thursday, November 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. The business had revenue of $566.84 million during the quarter, compared to the consensus estimate of $583.52 million. WillScot had a return on equity of 23.09% and a net margin of 9.64%.The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. As a group, sell-side analysts anticipate that WillScot Holdings Corporation will post 1.77 EPS for the current year.

WillScot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, December 3rd. WillScot’s payout ratio is 23.14%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WSC shares. Citigroup boosted their price objective on WillScot from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Morgan Stanley reissued an “equal weight” rating and set a $21.00 target price (down previously from $37.00) on shares of WillScot in a research report on Thursday, November 13th. DA Davidson lowered their price target on WillScot from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Barclays dropped their price objective on shares of WillScot from $22.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.63.

About WillScot

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.